Budgeting and Monitoring for Projects

Progress Training And Consulting

  • Ratings
  • 4.0
  •  Last updated 1 year ago
  •  ENGLISH

AED 2,880

AED 3,200

Duration: Upto 3 Days
Location: United Arab Emirates
Delivery: Onsite course

Objective:
This program is designed to provide the participants with the skills and knowledge to to achieve Scheduling & Cost Control.
The principles and reasons for Strategic Budget Planning, Forecasting and the appropriate process of Scheduling & Cost Control
Preparation of Financial Report, the process and the compilation to the various of Forecasting documents that assist the reader to in the Budgeting financial for Scheduling & Cost Control requirements.
Scheduling & Cost Control Practicing.


Contents:
Introduction to Scheduling & Cost Control:

✓ Types
✓ Utilization of Budget Information
✓ Budget Monitoring & Feedback Systems


Planning Departmental Functional Budgeting
✓ Collating Information
✓ Budget Construction
✓ Budget Presentation Formats
✓ Budgeting Planning & Forecasting and Scheduling & Cost Control


Methods
✓ Preparation
✓ Meetings
✓ Construction
✓ Presenting
✓ Implementing
✓ Review
✓ Standard costing
✓ Variance
✓ Exercises, Discussions & Daily Review


Budgetary Control and Standard Costing for Scheduling & Cost Control
✓ Flexible Budgets and ‘What If’ situations
✓ Economies of Scale
✓ Management and Control Systems
✓ Performance Measurement Feedback
✓ Cost of Depreciation
✓ Assessing
✓ Accounting


Introduction to Financial Report Writing for Scheduling & Cost Control.
✓ The necessary information required for compilation and interpretation by the ‘Readers.
✓ The types of reports and their objectives
✓ Income & Expenditure Reports
✓ Reconciliation Reports
✓ Information, gathering from various sources and collation if relevant information
✓ Exercises, Discussions & Daily Review


Scheduling & Cost Control documents available:
✓ From costing to budget: interpreting variances
✓ Define the master budget and explain its major benefits to an organization
✓ Describe the difference between a static budget and a flexible budget
✓ Compute flexible-budget variances and sales-volume variances
✓ Compute the price and efficiency variances for direct-cost categories
✓ Explain why standard costs are often used in variance analysis
✓ Integrate continuous improvement into variance analysis
✓ Problems, Case Study and Exercises.


Financial Analysis of Scheduling & Cost Control:
✓ Liquidity Ratios Analysis.
✓ Short Term Debits Ratios Analysis. “Efficiency”
✓ Long Term Debits Ratios Analysis. “Solvency”
✓ Profitability Ratios Analysis.
✓ Financial Report including: Scheduling & Cost Control of preparing F Report,  F Report Parts.


Training Methodology:
1. Exercises, Discussions & Review
2. Case Studies
3. Practical Exercises
4. Discussions Sessions
5. Course Evaluation
6. Course Summary

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